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Proud to be part of your community! Thursday, December 15, 2016 | 32 pages
One Hip Year: City’s flagship arena exceeds budget targets BY BILL HUTCHINS
Regi goes under the sea Mitchell Bruce as Prince Eric and Emma Battel as Ariel in Regipolis Notre Dame Catholic Secondary School’s production of The Little Mermaid Mark Bergin/Metroland
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Kingston's flagship arena is wrapping up a banner year for shows and revenues. SMG, the company that manages the city-owned Rogers K-Rock Centre, says it expects net operating income of about $757,000 in 2016. That's slightly higher than the private arena management company's $700,000 annual financial guarantee that is promised to city coffers. The profit target is based on projected revenues of nearly $3 million compared with projected expenses $2.2 million this year. Overall event revenues are projected to be 18.8-percent higher for 2016 than budgeted, with a projected total of 108 events and total attendance of 253,930. SMG lists several reasons for the spike in profits and attendance; -the Kingston Frontenacs strong 2015-2016 season resulted in more home playoff games, -concerts throughout the year including Jason Aldean, Santana and James Taylor exceeded budget expectations, -The Tragically Hip celebration brought unprecedented attention to the venue and the City of Kingston, -strong suite and club seat sales. "For all of the events that have been or will ever be presented at Rogers K-Rock Centre, the significance and national impact of The Tragically Hip August 20th concert likely will never be matched," arena general manager Lynn Carlotto told council Dec. 6.
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